JACKSONVILLE, Fla. – Fidelity National Information Services reported its second quarter earnings rose 22% as strong growth in its financial solutions business offset flat or declining revenue in its two other segments.
The payments technology company, one of the leading outsourcers for credit union, reported net income of $150.6 million for the three months ending June 30. That was up from $123.5 million in the same quarter a year ago.
Revenue rose 3% to $1.46 billion.
Revenue in FIS’ financial solutions segment rose 9% to $563.4 million. Growth in processing revenue, global commercial services, professional services and consulting drove the increase, the company said.
Payment solutions, which provides software and services for banks and other financial companies, reported revenue growth of less than 1%, to $606.1 million, in its payment solutions segment. Growth in electronic transactions was partly offset by declining check volumes.
For the first six months of the fiscal year revenues rose almost 4% and net income rose 10% to $237.7 million.